October 2020

Every once in a while, when a baseball player hits one out of the park at an away game, the fan who catches the ball throws it back on the field. Why celebrate the opponent’s achievement? As rebukes go, it’s not subtle. Sometimes I wonder if the rank and file employees…

Jane Fraser was selected to be the next CEO of Citigroup, the first woman to run a “money center” bank.  One can only hope that she will best the performance of her predecessors.  Aside from a decade of irrational exuberance in the price of Citigroup shares (see graph below) any…